OFS Capital Corp (NASDAQ:OFS) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totalling 26,500 shares, a decrease of 37.4% from the May 30th total of 42,300 shares. Based on an average daily volume of 40,300 shares, the short-interest ratio is presently 0.7 days. Currently, 0.2% of the shares of the stock are short sold.
A number of brokerages have recently issued reports on OFS. National Securities reissued a “buy” rating and issued a $5.00 price objective on shares of Aquabounty Technologies in a research note on Monday, May 6th. LADENBURG THALM/SH SH reaffirmed a “buy” rating and set a $26.00 target price on shares of Zynerba Pharmaceuticals in a research note on Monday, May 6th. Finally, Zacks Investment Research raised shares of HANNOVER RUECK/S from a “sell” rating to a “hold” rating in a research note on Friday, May 17th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.50.
OFS traded down $0.10 during trading on Friday, hitting $11.99. 57,299 shares of the company traded hands, compared to its average volume of 54,181. The company has a market cap of $161.54 million, a P/E ratio of 8.69 and a beta of 0.67. The stock has a 50-day moving average price of $12.28. OFS Capital has a 1 year low of $9.53 and a 1 year high of $12.81. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.19 and a current ratio of 0.19.
OFS Capital (NASDAQ:OFS) last posted its earnings results on Friday, May 3rd. The investment management company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.02. The company had revenue of $12.35 million during the quarter, compared to analysts’ expectations of $11.69 million. OFS Capital had a net margin of 21.25% and a return on equity of 10.84%. Analysts anticipate that OFS Capital will post 1.42 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 21st were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, June 20th. This represents a $1.36 annualized dividend and a yield of 11.34%. OFS Capital’s payout ratio is 98.55%.
A number of institutional investors and hedge funds have recently bought and sold shares of OFS. Macquarie Group Ltd. grew its stake in OFS Capital by 279.1% during the fourth quarter. Macquarie Group Ltd. now owns 4,723 shares of the investment management company’s stock valued at $50,000 after acquiring an additional 3,477 shares in the last quarter. GSA Capital Partners LLP bought a new position in OFS Capital during the fourth quarter valued at $114,000. Sigma Planning Corp lifted its position in OFS Capital by 5.7% during the first quarter. Sigma Planning Corp now owns 21,644 shares of the investment management company’s stock valued at $254,000 after purchasing an additional 1,172 shares during the last quarter. Wedge Capital Management L L P NC lifted its position in OFS Capital by 19.7% during the first quarter. Wedge Capital Management L L P NC now owns 75,564 shares of the investment management company’s stock valued at $888,000 after purchasing an additional 12,427 shares during the last quarter. Finally, Confluence Investment Management LLC lifted its position in OFS Capital by 6.7% during the first quarter. Confluence Investment Management LLC now owns 555,585 shares of the investment management company’s stock valued at $6,528,000 after purchasing an additional 35,086 shares during the last quarter. 20.55% of the stock is owned by institutional investors.
OFS Capital Company Profile
OFS Capital Corporation is a business development company specializing in direct and fund investments as well as add-on acquisitions. It does not invest in operational turnarounds or start-up businesses. For direct, it specializes in debt and structured equity investments, recapitalizations and refinancing, management and leveraged buyouts, acquisition financings, shareholder liquidity events, growth capital, independent sponsor transactions, ESOPs, and minority investments in the lower middle market companies.
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